ANNEXURE 111 import of goods concessional rate

[george thomas]

Dear Sir

We are procuring 2000 MTS of Crude Palm Oil from one importer by way of in bond stock transfer. Our product is coming under Customs Notification 12/2012 Sl.No.51 of 11 (A) dated 17.03.2012 last amended by notification 46 of 2015 and present Customs Duty is 12.5% with condition no.5 ( Actual User Condition and conditions asper cUSTOMS ( IMPORT OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE GOODS) RULES,1996. Our application for issuance of Annexure 111 rejected by Asst.Commissioner of Central Excise for the following reasons.

1.Procurement by way of stock tranfer

2.Not Directly importing by us and notification does not cover such procurement.

Kindly clarify we arec eligible to get Annexure 111 and pay duty as per Notification No.12/2012

AI Summary

Company Denied Concessional Duty on Crude Palm Oil Due to In-Bond Transfer; Customs Notification 12/2012 Not Applicable. A company inquired about eligibility for a concessional duty rate on crude palm oil procured through an in-bond stock transfer, citing Customs Notification 12/2012. Their application for Annexure 111 was rejected by the Assistant Commissioner of Central Excise due to the procurement method and the notification not covering such transfers. The response clarified that since the goods were not directly imported by the company, they are not eligible for the benefits under the cited notification, leading to the rejection of their application.